Barclays chairman, David Walker, and chief executive, Antony Jenkins, have told CNBC they are confident they have the support of most major institutional shareholders over the bank's pay proposals, as over one third of investors failed to back the bank's pay policy.
BlackRock the world's largest money manager, paid Chief Executive Officer Laurence Fink $22.9m in compensation last year, up 13.4% from $20.2m the year before.
An investigation has been launched at banking giant Barclays after a whistleblower warned of serious errors in the way taxation of interest paid to those handed payment protection insurance (PPI) compensation is being calculated.
Deutsche Bank will ask shareholders to ease European Union curbs on bonuses, doubling the amount it can pay staff to the equivalent of twice annual salaries.
JPMorgan CEO Jamie Dimon’s total compensation tumbled 37% to $11.8m in 2013, regulatory filings released on Wednesday reveal, as the largest U.S. bank by assets grappled with a myriad of regulatory headaches.
Barclays shareholders should vote against the re-election of the bank’s compensation committee chairman John Sunderland and oppose its pay awards, the U.K.’s Local Authority and Pension Fund Forum said.
Value investor David Winters, CEO and founder of Wintergreen Advisers, has sent letters to Coca-Cola 's shareholders, its board, and shareholder Warren Buffett, criticizing the company's compensation plans for this year.
Wells Fargo, which reported more profit than any other U.S. bank in 2013, left CEO John Stumpf’s annual compensation unchanged at $19.3m.
'They’re depending on him to build revenue'.